Is Donald Trump undermining the Fed's independence?

Is Donald Trump undermining the Fed's independence?

His comments come as other Fed figures opine on an economy that has become the subject of political interest as President Donald Trump continues to bash the Fed's rate hikes ahead of the mid-term election.

With the Fed expected to continue raising rates and the United States projected to nearly double its debt load held by the public to $29-trillion in the coming decade from $16-trillion today, further weakness in bonds and the greenback is likely.

But former Fed vice chairman Stanley Fischer told CNBC Thursday that the central bank might be tempted to raise rates more aggressively to show that it is politically independent.

Bullard's benchmark adjusted the Taylor rule for developments in the past two decades, such as the weak link between the unemployment rate and inflation, the aging of the US population and low inflation expectations.

"I would presume if the president tried to do this, Congress would respond pretty vigorously", he added. "I put him there and maybe it's right, maybe it's wrong but I put him there".

The People's Bank of China governor Yi Gang said that China's stock valuations are not in line with sound economic fundamentals, and that the central bank will roll out targeted measures to help ease corporate financing problems and encourage commercial banks to boost lending to private firms. A report previous year from Goldman Sachs documented that the most common cause of the 12 post-World War II recessions it studied was excessive credit tightening by the Federal Reserve.

The NBA's Top Pick Has Been Traded
Others think that he’ll continue to use the picks himself and construct a young core that can emerge after the Cavaliers vs. Fultz is an ideal scoring guard to run alongside him, and can also take over point guard duties if the Simmons experiment fails.

"Our economy is strong", Powell said at a press conference following the September meeting.

And Mr Quarles, the Fed's vice-chairman of financial supervision, said he was hopeful economic productivity "could accelerate from its relatively anemic pace of late, sustaining growth without overheating the economy".

In rewriting the North American trade pact this year, Washington, Ottawa and Mexico City agreed any member could withdraw from the new treaty if any other member moved to enter a trade agreement with a "non-market" economy, a thinly veiled reference to China. This guy knows what he's doing.

The Federal Open Market Committee met in September to discuss the monetary policy of the country.

Interest rates in the United States should be raised to the point where they have a cooling effect on the economy, officials at the Federal Reserve have said. Earlier this month, Powell said it was "a reasonable question" when a journalist asked if the economy was too good to be true.

The Fed minutes showed some members were anxious by the instability in emerging markets, such as Venezuela and Argentina, warning it could "spread more broadly through the global economy and financial markets". "Despite this optimism, a number of contacts cited factors that were causing them to forego production or investment opportunities in some cases, including labor shortages and uncertainty regarding trade policy".

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